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NatWest trials fingerprint debit cards to remove £30 limit

Bank customers will be able to spend more than £30 using contactless cards and could never again have to remember their four-digit pin if a fingerprint technology trial starting in April proves a success. Last year more than 6bn payments were made using contactless “wave and pay” technology, but the £30 limit is restricting further growth, particularly for people filling up their cars at petrol stations or doing a large weekly supermarket shop. NatWest said retailers would not have to make any changes to existing payment terminals to accept the new cards, and it was working with Visa and Mastercard to ensure it would be accepted in all locations. If a card is stolen, the thief will not be able to use it as a payment is only authorised if the user’s fingerprint matches the data on the card at the point of sale. A survey by Gemalto of UK consumers found that young adults would enthusiastically adopt a fingerprint technology card that allowed them to exceed the standard £30 contactless limit. But four out of 10 were worried about whether the technology would work all the time, and a third were concerned that their fingerprint could be compromised.

First found on: www.theguardian.com And then on: 1 other references